SB Finance Unveils Tech-Forward “OR/CR for Cash Lite” to Empower Used Car Owners
SB Finance is leveraging technical approach to revolutionize quick access to funds for used car owners. This new “OR/CR for Cash Lite” loan is an innovative offer that simplifies the borrowing process. It enables more Filipinos to secure smaller loan amounts.
Its affiliation with Security Bank strengthens borrowers to loan PHP 100,000 to PHP 500,000 with shorter 12 to 18-month repayment terms. This is done using the vehicle’s Official Receipt and Certificate of Registration (OR/CR) as collateral. It allows owners to retain using their car while stretching financial capability.
This friendly approach prioritizes convenience and speed. While specific technological backbones like mobile app integration (aside from general mention of online applications), the promise of “one to three banking days” processing upon document submission highlights a streamlined, potentially automated, workflow. This minimizes traditional loan hurdles, making essential funds readily available for tuition, medical emergencies, or small business needs, reflecting SB Finance’s commitment to customer-responsive financial solutions.
As Abbie Dans-Casanova, President and CEO of SB Finance, puts it, “We designed OR/CR for Cash Lite with the modern Filipino car owner in mind—someone who might not need a big loan, but still values convenience, fast approval, and lighter commitments. This product reinforces our commitment to delivering practical, customer-responsive financial solutions that empower people to move forward with confidence.”
For more details or to apply, interested individuals may reach out to SB Finance through its official Facebook page or visit www.sbfinance.com.ph.
Read the official press release here.
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